Trump Feels Positive on His Tweet on China

The US President Donald Trump is up and working already today, well, tweeting to be fair. He just tweeted on China and his comments seems positive, it gives you the feeling that the two giants will soon come to an agreement. By soon I mean around 90 days. Here is the tweet:

“Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina. Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting. ALL subjects discussed!,”

There was a period of relative quiet after the Trump-Xi meeting last weekend, so the market sentiment deteriorated a little after the initial optimist on Monday. The stock markets posted some big losses yesterday as the sentiment turned negative and safe havens such as the JPY and Gold received strong bids.

But the Chinese Commerce Secretary came out with optimistic comments early this morning. So, Donald Trump is responding to his comments as he has had a chance to see them after waking up. It’s still morning in the USA. Here are the comments from the Chinese Commerce Secretary:

China will push ahead with trade negotiations with the US in 90 days

talks to be on a timetable, based on a road-map

trade meeting very successful

confident to execute results of talks

to implement specific items agreed upon meeting

Positive comments from officials of both countries. Perhaps the trade war will be over soon and we will finally see a trade deal. The sentiment has turned slightly positive today and the USD is gaining some momentum at the moment, so it’s all jolly good out there.

About the author

Skerdian Meta
// Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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